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Atmel to Lay Off 26% of Work Force,
Consolidate Some U.S., Europe Plants

A Wall Street Journal Online News Roundup

Updated Sept. 28, 2001 4:29 p.m. ET

SAN JOSE, Calif. -- Atmel Corp. said it would lay off 2,500 employees, or 26% of its work force, as it consolidates manufacturing operations in the U.S. and Europe to contend with a sharp drop in semiconductor demand.